Blog

  • Tulip Siddiq – 2016 Parliamentary Question to the HM Treasury

    Tulip Siddiq – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Tulip Siddiq on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, how many applications from public sector organisations his Department has received to (a) increase service charges, (b) charge above cost for public services and (c) charge below cost for public services in each year since 2009-10; and how many such applications have been (i) approved and (ii) rejected.

    Greg Hands

    The information requested could only be obtained at disproportionate cost. Treasury consent is required for all proposals to extend or vary charging schemes, and Treasury guidance advises that it is good practice to review these routinely at least once a year, and if appropriate revise the charging level. This leads to a large number of requests for consent being received by HM Treasury on a regular basis, not all of which are collated centrally.

  • Tulip Siddiq – 2016 Parliamentary Question to the HM Treasury

    Tulip Siddiq – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Tulip Siddiq on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, how many statutory instruments to vary fees charged by public bodies have been laid in Parliament under section 102 of the Finance (No. 2) Act 1987 in each year since 2009-10; how many of those proposals have allowed public bodies to (a) increase fees, (b) levy fees to raise revenues in excess of the cost of the services that body provides and (c) levy fees to raise revenues below the cost of the services that body provides.

    Greg Hands

    The public record indicates that there was one statutory instrument authorised by parliament, laid under the authority of section 102 of the Finance (No. 2) Act 1987, during the 2009-10 parliamentary session, and none in subsequent sessions.

    This instrument allowed the former Office of Fair Trading (OFT) to take past deficits into account in setting fee levels under the Consumer Credit Act 1974, for the three years ending on 31 March 2013. Whether individual fee levels subsequently increased or decreased in any year would depend on the level of costs incurred by OFT in delivering the services for which fees were charged in those years.

    A decision to levy fees below the costs of the service in any year would have been for the OFT to determine in proposing its fee levels for the subsequent years, and its sponsor department in agreeing how to fund any shortfalls.

  • Emily Thornberry – 2016 Parliamentary Question to the HM Treasury

    Emily Thornberry – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Emily Thornberry on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, what procedures his Department has in place to monitor any changes in the estimated cost of the Successor submarine programme subsequent to the publication of the Strategic Defence and Security Review 2015.

    Greg Hands

    The Treasury maintains a regular and frequent dialogue with the Ministry of Defence over the costs of all significant elements of defence spending, including the Successor programme.

  • Emily Thornberry – 2016 Parliamentary Question to the HM Treasury

    Emily Thornberry – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Emily Thornberry on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, what procedures his Department had in place to monitor any changes in estimates of the cost of the Successor submarine programme during preparations for his Budget statement in March 2016.

    Greg Hands

    The Treasury maintains a regular and frequent dialogue with the Ministry of Defence over the costs of all significant elements of defence spending, including the Successor programme.

  • Julian Knight – 2016 Parliamentary Question to the HM Treasury

    Julian Knight – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Julian Knight on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, what investments his Department plans to be (a) permitted and (b) excluded under a lifetime ISA.

    Harriett Baldwin

    The new Lifetime ISA will provide savers with the flexibility to save towards a first home and retirement at the same time.

    From April 2017, people aged 18 to 40 will be able to save up to £4,000 each year into a Lifetime ISA and receive a 25% bonus from the Government.

    The Government is engaging with the industry on the detail of implementation and regulation of the Lifetime ISA. Further details will be announced when the Government brings forward legislation to enact the Lifetime ISA in the autumn.

  • Julian Knight – 2016 Parliamentary Question to the HM Treasury

    Julian Knight – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Julian Knight on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the proportion of people taking out a lifetime ISA who will take that ISA in the form of (a) a cash only lifetime ISA and (b) an equity investment lifetime ISA in each of the first three years that those ISAs are available.

    Harriett Baldwin

    The new Lifetime ISA will provide savers with the flexibility to save towards a first home and retirement at the same time.

    From April 2017, people aged 18 to 40 will be able to save up to £4,000 each year into a Lifetime ISA and receive a 25% bonus from the Government.

    The Lifetime ISA is a voluntary product. For further information on the costing of this policy, please see page 9 of the Budget 2015 Policy Costings document: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf

    ISA statistics are published on the GOV.UK website. Table 9.7 sets out the number of individuals subscribing to ISAs: https://www.gov.uk/government/statistics/number-of-individuals-subscribing-to-an-individual-savings-account-isa-by-income

    “

  • Julian Knight – 2016 Parliamentary Question to the HM Treasury

    Julian Knight – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Julian Knight on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, whether his Department plans to cap charges on equity investment lifetime ISAs.

    Harriett Baldwin

    The new Lifetime ISA will provide savers with the flexibility to save towards a first home and retirement at the same time.

    From April 2017, people aged 18 to 40 will be able to save up to £4,000 each year into a Lifetime ISA and receive a 25% bonus from the Government.

    The Government is engaging with the industry on the detail of implementation and regulation of the Lifetime ISA. Further details will be announced when the Government brings forward legislation to enact the Lifetime ISA in the autumn.

  • Julian Knight – 2016 Parliamentary Question to the HM Treasury

    Julian Knight – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Julian Knight on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the readiness of the financial services industry to provide lifetime ISAs.

    Harriett Baldwin

    The new Lifetime ISA will provide savers with the flexibility to save towards a first home and retirement at the same time.

    From April 2017, people aged 18 to 40 will be able to save up to £4,000 each year into a Lifetime ISA and receive a 25% bonus from the Government.

    The Government is engaging with the industry on the detail of implementation of the Lifetime ISA to ensure that it is delivered for April 2017.

  • Kate Hoey – 2016 Parliamentary Question to the HM Treasury

    Kate Hoey – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kate Hoey on 2016-04-14.

    To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the number of small businesses which will not be able to afford the digital accounting software to enable them to submit digital tax returns; and if he will make a statement.

    Mr David Gauke

    The Government has committed to ensuring free software is available for those with the simplest affairs in order that businesses can meet the requirements of Making Tax Digital. In addition, many businesses are already using digital record-keeping tools to deal with their tax affairs.

    The Government has received a number of representations from individuals, businesses, professional bodies and the software industry about Making Tax Digital. Both I and officials from HM Treasury and HM Revenue and Customs have discussed the reforms with a wide range of professional bodies and advisory groups representing small businesses and the self-employed. Extensive consultation will take place throughout 2016.

  • Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Gordon Marsden on 2016-04-14.

    To ask the Secretary of State for Business, Innovation and Skills, whether apprenticeship levy funds will be usable to pay for qualifications that are not embedded in apprenticeship standards.

    Nick Boles

    Employers will be able to use their levy funding (up to a maximum which will depend upon the standard or framework that is being trained against) to cover the costs of an apprentice’s training, assessment and certification. Apprenticeship training can either be on an apprenticeship standard, or on an apprenticeship framework.

    Where a qualification is a requirement for achieving the standard or framework employers will be able to use levy funds to pay for the qualification. Levy funding cannot be used to fund other qualifications.